If you are applying for a b4 job in NYC, avoid EY. EY classfies NYC as lower tier than SF/SJ and par with LA and DC. Also Boston is classifed as MCOL in par with Philly and Baltimore.

Post Photo
likehelpfulupliftingsmart
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Very helpful. I now know why I was getting paid 25% less than a peer in vhcol lmao. Kind of a crazy adjustment. CMAAS COL adjustments are like 10% and EY 25%

This is how most places do it. NYC and DC are peers on cost of labor now, even though DC is cheaper.

It’s because of the Pentagon audits driving up the market value of an accountant in the DC area. Federal accounting is a specialized industry so it pays a premium above other accounting fields, and even if you don’t work fed/GPS, the need for accountants to enter a specialty field that exists mainly in one geography drives up the overall labor cost for our industry.

More reasons it’s much better to live in DC — get paid the same and have less costs.

Also Boston has always been MCOL. The cost of living is high there, but wages are relatively low.

Miami as LCOL makes sense as well — bunch of people moved there for the pandemic and work remotely for other states. Doesn’t increase market value of wages but does very much so increase the cost of living.

Anyway, if you’re familiar with the various accounting labor markets in some of these cities, most of the 'huh?' ones make a lot of sense. Especially with the yellow highlight saying some markets get an additional adjustment.

like

EY10 — yeah. Largely caused by the WFH trend is what I was saying. Not fair to people who have lived there for years.

Recent IconRecent

Does it mean Atlanta and Miami are LCOL based on this chart?

like

And Austin. Lul.

like

Is this how comp is adjusted based on COL?

like

Thank you. Very useful info

like

Same with kpmg too

like

That makes so much and at the same time so little sense. How is Boston in Tier 2 lol. In what world is this crazy city cheap?!

like

And so many of them can’t walk and chew gum at the same time.

Guess it’s time for me to leave NYC and move elsewhere that’s 25% cheaper for a 5% pay cut

like

I don’t know why Boston gets treated as MCOL - it may not be a SF but the property, taxes, child care, parking are some of the highest in the nation.

like

So moving from a Geo 3 zone to a Geo 1 zone would result in a 20% decrease in salary I assume?

Yes. It may not be right away but every new year your comp is based on the col. This is FY23 version so there can be a change in FY24.

helpful

How is Seattle on the same level as NYC??

Damn

This is not true in my experience and seems more like high level guidance. I do a lot of salary sharing with my peers and NYC gets paid a lot more than any office east of the Mississippi (e.g., DC, Boston). Not just 10 percent higher (even when people in the same role lack a degree in NY)

I don’t think these guidelines are black and white. I’m from the Bay Area, which is the highest tier, and I’ll see EY people on FB posting tax salaries that are just as high, if not even higher, than how much I know my colleagues make

Actually, it looks like they combined what used to be the lowest 2 bands into what is now Zone 1, and split CA into it's own Zone. Years ago, the highest band/zone included NY, NJ, CT, CA.

Related Posts

How much is my eye Dr. paying the general manager

like

Hi Anyone from US Tax . I recently got an associate 2 offer and they have mentioned phone allowance , mon le connection allowance and bus subsidy, what are these. ?

Also what's the salary you people get

like

Hi all! Has anyone worked at BAC in risk before? Any feedback / advice? Looking to transition from big 4 consulting to BAC risk in Charlotte. Thanks!

like

Hi Fishes,

I have offer on LTIMindtree for 13 LPA and CTS for 15 LPA
I am worried about layoffs and job security
Could you please let me know which one is better option ?
YOE - 3.7 Tech - Java, springboot

like

What is the salary range for b2 in Wipro?

Morning all. I am looking for a favour/solid advice. I've been in the interview process for a dream role over the past month or so and just found out I didn't get the job after final round 🙃.

Unfortunately this isn't the first time this has happened during the past year searching. Looking for a SC level role within healthcare/public sector consulting firm. I know the job scene is a bit miserable currently but if anyone in the bowl is aware of a role I would love to have a chat.

Thanks all

like
like

How much annual % hike does Amazon offer for L4 Non Tech role (Finance), YOE =1

like

Advice for salary negotiations when moving to a city with a higher cost of living?

like

Hi someone please tell, what is the average Yearly Hike at Nagarro?
if I join now as Associate staff engineer at 20 LPA for 6 YOE.

like

Guys I am getting 18lpa+2 Jb ....but I am thinking of taking fidelity offer for 23.5 and grade 5.

I am choosing fidelity because IBM is having bond of 2 yrs for 2 lakh joining bonus...and hike is very less in IBM.

Do you think I am choosing right,can anyone tell if IBM is better than fidelity and why?

likesmart
like

Hi All, i am CA currently working with Deloitte USI i got an offer from Zscaler for SEC reporting team for senior analyst post for chandigarh at 17LPA fixed no bonus no stocks. My Promotion is due in deloitte in June 23 after promotion fixed plus bonus will surpass current offer of Zscaler. I doubt if i make a switch to industry it will be difficult for me to Join big 4 again
what should i do should i switch or stay at deloitte? please suggest

Hi All,
Need some suggestions!!! Please help

I have two offer , one offer is from Infosys and package is 16 + 1.25(JB) and role is lead data analyst - data science (Bangalore location) and other offer is from Latent view and package is 18 and role assistant manager and location is Chennai.

Which one should I choose?

like

Any job leads? Feel like I’m under paid, been working property and casualty for almost 5 years. Started an us position this year making only 49K. Barely can support myself honestly

likehelpful

Hi ppl,
I heard that for hike, promotion input about performance is taken from TL and teammates and Lumos plays only a very minute role in it. Is this true?

Anyone work for Rivkin Radler? How is the pay/WLB?

like

I am on Bench for the past 2 months in
IBM and I got 2 interview calls but it doesn't suite my profile/requirement and my band is 6B And how many calls I can attend in IBM ? Can I wait for some more time or shall I look for other opportunities? is IBM bench is safe now a days ? IBM Tata Consultancy Infosys Accenture

like

I'm curious, how much do MBA student ambassadors make?

like

After you interview for a job is it acceptable to contact your interviewer on Linked in or is that like stalking? I don’t have another contact and I want to follow up with them but I don’t want to be annoying.

likesmartfunny

More Posts

Hii, I have 2.5 yrs of experience and I'm changing my career from Mechanical field to IT field. Especially RPA domain. I have been trained by an experienced professional and I have through knowledge of Blue Prism and Ui Path. During training I have worked on some example projects but I have no on paper experience. Recently I have completed 'UiPath associate dev. Certification'. Kindly refer my profile for the job of RPA developer. I have technical knowledge and corporate experience of 2+ yrs.

like

Anybody know what's up with QS?
Good to buy the dip? They down 40%

like

Is there any way to preserve/sell a Spirit airline reservation credit? Mine expires at the end of the year. Had to cancel over the summer due to extreme delays and uncertainties.

likefunny

The adventures of RECTANGLE MAN

Post Photo
likefunny

Whew! That was a long one. I feel like spending over 10 mins on the line with customer support adds a bit of irritation which could turn unpleasant when issues aren’t resolved.

like

This is a noob question. What do I do with this meme stock I purchased? I only invested a grand. Do I sell when it’s high and get out of it? Or hold on to it? I know nothing about trading.

like

Trying to narrow down my quarter life crisis. Currently I’m looking at a UX Design bootcamp, do people actually hire from these bootcamps?

like

PwC Pwc sdc Kolkata. Is anyone aware what % bonus and hike were given last year for Tier 1. Want to ask for Assurance practice SA2 designation. Pwc AC

like
like

Guys - A seasoned BSA looking for PO / PrM opportunities in asset and wealth management firms. Is anyone willing to refer me to their team or forward me to their acquaintances? Appreciate it.

like

Working as a regional business development manager at an interior designing company based in Kerala. Looking for opportunities in other sectors and cities.

like

What is EBA IN Bosch?

like

Hi Fishers,

MY friend received and offer letter from Bosch, and it has 10% variable, how much of variable normally people get in Bosch after joining and is that annually or quarterly?

like

I will be joining BGSW CoB location in Jan. I have 6.5 years of experience and offered L51 - Senior Associate consultant role. Is this correct role for my experience?

like

I am a recent PhD graduate and looking to get into MBB. Looking for people who can refer me. (I am new on this app, sorry for being straightforward)

like

KPMG India In kgs, how long will it take to get promotion from associate consultant to consultant designation. KPMG India KPMG KGS

like

Accenture offering crazy hikes what can be the reason?

like
like

Do you pay your credit cards in full every month?

I ask because I’ve let my credit spending get a bit lax since moving and adopting a puppy recently, so I haven’t been paying them off in full every month like I used to (though still well above the minimum payment, and keeping utilization at 30% or under). It got me thinking about how many people adhere to this advice.

like

Since we're headed towards cold weather and the holiday season, let's talk about how we can take care of ourselves during the fall/winter and beyond. For example, I'm buying a sun lamp because it's about to be 50 degrees and raining for 6 months 🤦🏻‍♀️.

likeupliftinghelpful

Additional Posts in Accounting

Y'all leaving upper deckers in the toilet stalls need re-examine your life. How can it be so tricky to hit a12inch hole while sitting down? Bathroom is out of commission thanks to a serial squatter.

like

Tax senior with CPA at small firm. Best way to get to Big 4 audit? (LA or OC) Went to non-target so little to no alumni at B4. I don’t mind the switch to a lower title since audit was always my preference and was never a fan of tax (stayed local for family).

like

Anyone’s offices opening soon in the central region?

like

Advice for someone having to audit in an arm sling the next three weeks?

like

Is there any options if you dont get your cpa at PwC In audit? I heard of one guy that went into basically business dev (helping partners get new clients) is there anything else besides recruiting

like

I see some Partners’ CPA expired, but they still put it on their business cards and email signatures. Are they allowed to do so?

like

What is the appropriate timeframe to quit if you work in audit?

like

Currently in IT audit, want to get into consulting. Worth it to wait until senior? Biased since I want to get out, but I feel the skills aren’t transferable and don’t want to be pigeonholed into risk

helpfullike

Currently make 90k and save about 500 per month after 401k, HSA, mortgage, all expenses etc per month. Where can I go to Cali to save the same amount and how much do I need to make to do so?

like

What do I do with my Roth 401k now that I’m leaving? Isn’t there some 5 year rule ?

like

Need some advice here. Senior 2, decent performance but I feel like I’m not progressing to the level that other seniors the same level as me are and pretty sure I’m ready to transition out of public.

like

An in house recruiter messaged me and I haven’t heard back after I replied...is it okay if I give them a call?

like

Anyone ever boomeranged from one Big 4 to another and then came back to the initial Big 4? If so what was the reason?

likehelpful

Bank is asking for verification of employment in securing mortgage. What contact should I give at KPMG?

like

Will most of us (big 4 employees) be in at least the 200k+ salary range once we hit our late 40s and early 50s? I know that MOST of us won't stay with our firms, but does that mean we stagnate?

like

We had evaluations and normally we have annual raises. I think my salary is under market value at $68k (plus OT) in Los Angeles (5 years of experience). I was told I am one of the top employees in the firm. When I asked about a raise, I was told “when you think about it at your level 5k to 10k doesn’t really matter it’s the long term goal that matters”. What would be your response to that, to a partner who is making 500-600k a year?

like

What are some good personal finance books?

like

Anyone take this mandatory tax E&P training? Dying

like

How many of you are receiving requests for feedback from people you hardly worked with this cycle?

like

Can you get fired for having low utilization as a senior? My billable hours this busy season have been much lower than my peers.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal